Lender Guidelines: 4.4 Targeted Areas

Lender Guidelines: 4.4 Targeted Areas

Targeted Areas are areas identified by the IRS as “qualified census tracts” or “areas of chronic economic distress”.The benefits of originating a mortgage loan in a Targeted Area are significantly higher income limits and significantly higher purchase price limits. Additionally, for borrowers utilizing Bond DPA or receiving an MCC, the first-time home buyer requirement is waived.

 

Targeted Areas in the State of Texas are listed on TSAHC’s website and the Lender Portal at www.tsm-online.org in the "program documents" section.

 

For access to the full TSAHC DPA & MCC Guidelines, please click here.

 

 

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